JIT
A manufacturing and operating philosophy that aims to supply products to customers in line with fluctuations in *demand. The main advantages of JIT operations include
(i) typically low inventory levels,
(ii) simplified *backflush costing methodologies,
(iii) efficiency of manufacturing operations, and
(iv) responsiveness to customer demand. However, JIT operations carry potentially devastating *risks of failing to supply items on time, in the context of interruption to manufacturing or distribution activity.
Further reading: Fullerton and McWatters (2002)

Look at other dictionaries:

Just In Time — could refer to the following: * Just In Time (business), an inventory strategy that reduces in process inventory * Just in time compilation, a technique for improving the performance of bytecode compiled programming systems * Just in Time, a 1956 … Wikipedia

just-in-time — noun Usage: often attributive Date: 1977 a manufacturing strategy wherein parts are produced or delivered only as needed … New Collegiate Dictionary

Just-in-time (business) — Just in time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in process inventory and its associated carrying costs. In order to achieve JIT the process must have signals of what is going… … Wikipedia

Just-in-time compilation — In computing, just in time compilation (JIT), also known as dynamic translation, is a method to improve the runtime performance of computer programs. Historically, computer programs had two modes of runtime operation, either interpreted or static … Wikipedia

Just in Time (song) — Just in Time is a popular song with the melody written by Jule Styne and the lyrics by Betty Comden and Adolph Green. The song was published in 1956. The song was introduced by Judy Holliday and Sydney Chaplin in the musical Bells Are Ringing. A… … Wikipedia

Last Night I Nearly Died (But I Woke Up Just in Time) — Infobox Single Name = Last Night I Nearly Died (But I Woke Up Just in Time) Artist = Duke Special from Album = Songs from the Deep Forest Released = 16 October 2006 Format = CD, Vinyl record (7 ) Recorded = Genre = Length = Label = V2 Producer =… … Wikipedia

Listener and Dust - Just in Time for Christmas — Infobox Album Name = Just in Time for Christmas Type = compilation Artist = Listener and Dust Released = 2005 Recorded = Genre = Hip hop Length = Label = Deepspace5 Records Producer = Dust Reviews = Last album = Ozark Empire (2005) This album =… … Wikipedia

Just in Sequence — (JIS) is an inventory strategy that is at once Just In Time and in sequence, that is, component parts arrive at a production line moments before they are needed and in the sequence in which they will be used. The manufacturing sequence signal is… … Wikipedia